The Momentum Pinball Version Indicator is a useful and popular Forex indicator for the MT4 platform. It is free to download and use and offers traders a great way to identify momentum in the market. The indicator works by taking a look at the price action and momentum of a currency pair and then plotting a pinball-style line on the chart. This line shows the direction of the momentum and can be used to identify potential entry and exit points. The indicator also offers traders the ability to customize the settings to better suit their trading style. The Momentum Pinball Version Indicator is easy to use and understand. It can be used on any time frame and is especially useful for identifying momentum in the short-term. The indicator can be set to display different colors for different levels of momentum. This allows traders to quickly identify strong and weak momentum and make informed trading decisions. The indicator also offers the ability to adjust the settings to fit the trader’s needs. This makes it a great tool for traders of all levels and experience.
MT4
Momentum Pinball Version
The Momentum Pinball Version Indicator is a useful and popular free Forex indicator for MT4. It works by tracking the momentum of the market and comparing it to historical data. Once installed, it will display buy and sell signals on your chart, allowing you to take advantage of market reversals and maximize your profits.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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